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Corner of Bay Street and Adelaide streets in Toronto. July 25, 2013.
Corner of Bay Street and Adelaide streets in Toronto. July 25, 2013.
(Gloria Nieto/The Globe and Mail)

FBI bulletin ties Canadian bank to derivatives probe: Reuters

How did a Canadian bank end up in an intelligence bulletin from the U.S. Federal Bureau of Investigation – and which one is it?

That’s the mystery surrounding a report from Reuters today, which details FBI concerns that traders could be manipulating a market in interest-rate derivatives.

Traders at two banks – one Canadian, one American – are suspected of “front-running” large orders for interest-rate swaps, the Reuters report said, citing an FBI intelligence bulletin sent last week by the bureau’s field office in Charlotte, N.C. .